Wealth Enhancement Advisory Services LLC Purchases 29,504 Shares of Honeywell International Inc. (NASDAQ:HON)

Wealth Enhancement Advisory Services LLC boosted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 9.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 334,145 shares of the conglomerate’s stock after acquiring an additional 29,504 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.05% of Honeywell International worth $70,755,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mainstream Capital Management LLC purchased a new stake in Honeywell International during the 4th quarter valued at approximately $25,000. Avalon Trust Co grew its holdings in Honeywell International by 166.7% during the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after buying an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in Honeywell International during the 4th quarter valued at approximately $29,000. Accredited Wealth Management LLC purchased a new stake in Honeywell International during the 4th quarter valued at approximately $34,000. Finally, Curio Wealth LLC purchased a new stake in Honeywell International during the 4th quarter valued at approximately $35,000. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. raised their target price on shares of Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Barclays raised their target price on shares of Honeywell International from $243.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday. Royal Bank Of Canada raised their target price on shares of Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a report on Wednesday, April 30th. Finally, Bank of America raised shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 target price for the company in a report on Wednesday, May 7th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Honeywell International has a consensus rating of “Moderate Buy” and an average price target of $249.21.

Honeywell International Stock Up 0.0%

Shares of HON opened at $221.87 on Friday. The company has a market cap of $142.59 billion, a PE ratio of 25.50, a P/E/G ratio of 2.59 and a beta of 1.08. The business has a fifty day moving average of $215.66 and a 200 day moving average of $215.90. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43.

Honeywell International (NASDAQ:HON) last released its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.30. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same period last year, the company earned $2.25 earnings per share. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, sell-side analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a dividend of $1.13 per share. The ex-dividend date was Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 2.04%. Honeywell International’s dividend payout ratio (DPR) is 51.95%.

About Honeywell International

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.